2015-10-30T14:28:51ZFinance and Financial SectorAdministrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightFederal Reserve SystemFinancial services and investments2018-03-29T09:58:38ZPlaced on the Union Calendar, Calendar No. 689.2016-12-16Rep. Messer, Luke [R-IN-6]RM0011892130INLukeMesserM0011896H. Rept. 114-878HouseU006891141.0.0hsba00Financial Services CommitteeStandingHouse2016-12-16T19:32:16ZReported by2015-11-04T15:08:05ZMarkup by2015-10-29T13:02:20ZReferred toHRTo require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes.3857111121112016-12-16CalendarsH12410Placed on the Union Calendar, Calendar No. 689.2House floor actions2016-12-16Committeehttps://www.congress.gov/congressional-report/114th-congress/house-report/878H. Rept. 114-878hsba00Financial Services CommitteeH12200Reported by the Committee on Financial Services. H. Rept. 114-878.2House floor actions2016-12-16Committeehttps://www.congress.gov/congressional-report/114th-congress/house-report/878H. Rept. 114-878hsba00Financial Services Committee5000Reported by the Committee on Financial Services. H. Rept. 114-878.9Library of Congress2015-11-04hsba00Financial Services Committee1House committee actionsOrdered to be Reported by the Yeas and Nays: 33 - 24.Committee2015-11-04hsba00Financial Services Committee1House committee actionsCommittee Consideration and Mark-up Session Held.Committee2015-11-03hsba00Financial Services Committee1House committee actionsCommittee Consideration and Mark-up Session Held.Committee2015-10-29IntroReferralhsba00Financial Services CommitteeH11100Referred to the House Committee on Financial Services.2House floor actions2015-10-29IntroReferralIntro-HIntroduced in House9Library of Congress2015-10-29IntroReferral1000Introduced in House9Library of Congress9To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes.Official Title as IntroducedTo require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes.Display Title2015-10-29Introduced in HouseThis bill prohibits the Financial Stability Oversight Council from determining under the Financial Stability Act of 2010 that certain nonbank financial companies shall be supervised by the Board of Governors of the Federal Reserve System and subject to prudential standards until 90 days after:

the Board promulgates criteria for exempting certain types or classes of U.S. or foreign nonbank financial companies from supervision,

the Council reevaluates within calendar year 2016 each such determination and rescinds any of them if the nonbank financial company in question no longer meets specified standards, and

the Council reports to certain congressional committees its reasons for not rescinding any determination.

]]>Introduced in House2015-10-29T04:00:00Z2016-03-25T21:13:43Z002016-12-16Reported to House without amendment(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(Sec. 1) This bill prohibits the Financial Stability Oversight Council (FSOC) from determining under the Financial Stability Act of 2010 that certain nonbank financial companies shall be supervised by the Board of Governors of the Federal Reserve System and subject to prudential standards until 90 days after:

the Federal Reserve Board promulgates criteria for exempting certain types or classes of U.S. or foreign nonbank financial companies from supervision,

FSOC reevaluates within 2016 each such determination and rescinds any of them if the nonbank financial company in question no longer meets specified standards, and

FSOC reports to Congress its reasons for not rescinding any determination.

]]>Reported to House without amendment2016-12-16T13:43:09Z2016-12-27T20:14:55Z792015-10-29Finance and Financial Sector[Congressional Record Volume 161, Number 160 (Thursday, October 29, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MESSER:H.R. 3857.Congress has the power to enact this legislation pursuantto the following:Article 1, section 8, clause 18, of the United StatesConstitution[Page H7347]]]>text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.